Tradepost Improvements

Tradepost Improvements

in Black Lion Trading Co

Posted by: Chobiko.9182

Chobiko.9182

I’m looking at you Evon Gnashblade (“John Smith”) and the rest of the BLTC team.

Here are some feature and system requests that I have been looonging for. Please consider implementing them, and if they have been considered then turned down; could I have some response as to why?

  • Tradepost Raw price history API or CSV export possibility (Or at least some proper metrics for each item under an “advanced” tab).

It helps improving information for everyone so that asset pricing becomes more accurate

  • Bulk Purchase cap > 250

It’s rather frustrating to click and type the same stuff so many times.

  • Buy/Sell Listings with Current price tracking.

The less we need excel to do this stuff for us the better.

  • Lower (Remove) Relisting fee

This is one of the major issues on the tradepost. Most “normal” players will list their items once then never re-list them when price moves against them, if they do they lose money. Secondly, the higher the price of a single item the more risky it is to sell above or at the market; resulting in lots of luxury items listed at way above market prices. This creates massive opportunities for arbitrage at the expense of players with little knowledge of markets, thus just increasing the gap between poor and rich. Giving us the ability to re-list (reprice) the item at lower costs would greatly reduce the risk of selling above or at market, and also increase the incentive for players to actually put up sell listings and not just sell to buy orders.

If you don’t want to respond to every feature please at least give some feedback on why no separate re-listing fee exists.

Thank you

Tradepost Improvements

in Black Lion Trading Co

Posted by: Behellagh.1468

Behellagh.1468

Relisting fees are necessary. It’s there to encourage sellers to pick a reasonable price, the first time.

Sadly I think this may contribute to players selling to highest bidder because it’s a guarantee sale, risk is almost non-existent. I think the fear of having an item “stuck” at a high price and not wanting to lose your listing fee drives some players to not risk it. Of course this plays into the hands of those who flip who aren’t as afraid.

Using sites like gw2tp.com and gw2spidy.com is invaluable letting you see the swing over time of bids and sales orders so you can choose for a price with confidence that it will sell within a day letting you earn more than selling to high bidder. It’s not that much work.

We are heroes. This is what we do!

RIP City of Heroes

Tradepost Improvements

in Black Lion Trading Co

Posted by: Chobiko.9182

Chobiko.9182

Relisting fees are necessary. It’s there to encourage sellers to pick a reasonable price, the first time…

That’s the issue. A reasonable price should reflect costs and demand for that item. Unfortunately, pricing of items isn’t that easy just because of the lack of high friction and low liquidity in the market. Items seeing higher liquidity have a much lower arbitrage ceiling than that of those with low liquidity. See mystic coins or copper which are hovering around an equilibrium. Compare with a lower liquidity market like godskull weapons; their Profit x ROI margins being massive.

There should be a separate re-listing fee due to the lack of immediate available information for players using the tp. Thus leaving them unwilling to take on the risk of of the 15% listing fee. This causes a less liquid market open to lots of arbitrage. I think to better benefit the “normal” player we should have a separate re-listing fee; preferably not a percentage of sell price. This would mean implementing a feature which lets players adjust the price of their sell listing and it should come with a delay to prevent price fixing or scalping.

(edited by Chobiko.9182)